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21 Oct 2016 | 8:15 PM
Research Report

Equity Research Report: Religare Morning Digest

Considering decline witnessed on Tuesday in Nifty index, we believe this decline will extend further and possibility of testing 8000 is quite high in coming sessions.
03 Jun 2015 | 07:00 AM

The Reserve Bank of India in its second bi-monthly policy has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.5% to 7.25% with immediate effect. It has decided to keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL).


The government has cut this year's forecast for monsoon rains to 88% of the long-term average; raising fears of a drought in the country. Rainfall of less than 90% is considered to be a drought year. The latest prediction, however, has an error margin of 4% points either way. 

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